Cavco Industries (CVCO) Receiving Somewhat Positive Press Coverage, Analysis Finds

Media stories about Cavco Industries (NASDAQ:CVCO) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cavco Industries earned a news impact score of 0.09 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 47.3868770525643 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Cavco Industries (NASDAQ:CVCO) opened at $147.00 on Thursday. Cavco Industries has a 52-week low of $93.65 and a 52-week high of $157.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.25 and a quick ratio of 1.66. The stock has a market cap of $1,371.29, a PE ratio of 33.83 and a beta of 1.60.

Cavco Industries (NASDAQ:CVCO) last posted its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.13). Cavco Industries had a return on equity of 10.30% and a net margin of 5.09%. The business had revenue of $200.50 million during the quarter, compared to analyst estimates of $190.87 million. During the same period last year, the company earned $1.04 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis.

CVCO has been the subject of several recent research reports. Sidoti raised shares of Cavco Industries from a “neutral” rating to a “buy” rating in a research report on Friday, August 25th. BidaskClub lowered shares of Cavco Industries from a “hold” rating to a “sell” rating in a research report on Monday, August 14th.

In other Cavco Industries news, Director Steven G. Bunger sold 4,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $146.50, for a total transaction of $586,000.00. Following the sale, the director now directly owns 4,000 shares of the company’s stock, valued at $586,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Greenblatt sold 3,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $136.68, for a total transaction of $410,040.00. Following the sale, the director now directly owns 10,175 shares in the company, valued at $1,390,719. The disclosure for this sale can be found here. Corporate insiders own 8.44% of the company’s stock.

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About Cavco Industries

Cavco Industries, Inc designs and produces factory-built homes. The Company operates through two segments: factory-built housing, which includes wholesale and retail systems-built housing operations, and financial services, which includes manufactured housing consumer finance and insurance. Its factory-built homes are primarily distributed through a network of independent and the Company-owned retailers, planned community operators and residential developers.

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